Transaction in Own Shares

Rhea-AI Summary

Shell announced a transaction in its own shares on July 11, 2024. The company repurchased a total of 2,790,421 shares across various trading platforms, forming part of its previously announced buy-back program. The shares were bought at different prices, with the highest at £28.42 and the lowest at £28.0550 on the London Stock Exchange. Other platforms included Chi-X, BATS, XAMS, CBOE DXE, and TQEX. This buy-back program, managed by BNP PARIBAS Financial Markets SNC, is in accordance with Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation (MAR) as adapted into UK law post-Brexit.

Positive

• Shell repurchased 2,790,421 shares, indicating strong financial health and commitment to returning value to shareholders.
• The share buy-back program was executed at competitive prices, with a volume-weighted average price ranging from £28.1942 to €33.6950.

Negative

• None.

Transaction in Own Shares

11 July, 2024

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 11 July, 2024 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
11/07/2024	1,481,283	£28.4200	£28.0550	£28.2390	LSE	GBP
11/07/2024	171,491	£28.3900	£28.0550	£28.1942	Chi-X (CXE)	GBP
11/07/2024	102,647	£28.3900	£28.0600	£28.2003	BATS (BXE)	GBP
11/07/2024	738,868	€33.7850	€33.3600	€33.5435	XAMS	EUR
11/07/2024	243,352	€33.7850	€33.3750	€33.5498	CBOE DXE	EUR
11/07/2024	52,780	€33.7700	€33.4600	€33.6950	TQEX	EUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 May 2024.

In respect of this programme, BNP PARIBAS Financial Markets SNC will make trading decisions in relation to the securities independently of the Company for a period from 2 May 2024 up to and including 26 July 2024.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by BNP PARIBAS Financial Markets SNC on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2024 07 11

FAQ

What is the significance of Shell's share buy-back program announced on July 11, 2024?

Shell's share buy-back program is part of its strategy to return value to shareholders. On July 11, 2024, Shell repurchased 2,790,421 shares across various trading platforms.

What were the highest and lowest prices paid by Shell for its shares on July 11, 2024?

On July 11, 2024, Shell paid a highest price of £28.42 and a lowest price of £28.0550 for its shares on the London Stock Exchange.

Which trading platforms did Shell use for its share repurchase on July 11, 2024?

Shell used the London Stock Exchange, Chi-X, BATS, XAMS, CBOE DXE, and TQEX for its share repurchases on July 11, 2024.

How many shares did Shell repurchase on July 11, 2024?

Shell repurchased a total of 2,790,421 shares on July 11, 2024.

Who managed Shell's share buy-back program announced on July 11, 2024?

BNP PARIBAS Financial Markets SNC managed Shell's share buy-back program announced on July 11, 2024.